Never miss an episode! Subscribe in iTunes: Audio (bit.ly/TwiStA) || Video (bit.ly/TwiStV) New Relic helps you monitor your user experience. Visit www.newrelic.com/thisweekin and sign up to receive your free TWiST t-shirt! Turnstone is more than furniture, they're an experience. Visit myturnstone.com/twist to learn more and receive 10% off your first order. ============== It's our first TWiST Live! Jason travels to San Francisco to talk with Jeff Clavier in front of a live audience! The two talk about the current Venture Capital community and Jeff's experiences as a reputable investor. ================================ [ time codes begin at start of interview ] 1:00: Jeff: I invested my own money for 3.5 years until 2007 1:15: First investments were? 3:15: How many investments have you made? 4:00: What is your pattern recognition now, things that make you say I have to invest? 5:30: What makes you immediately say, "I cannot wait till this meeting ends?" 7:00: Emotion can impact entrepreneurs and VCs 8:00: Christmas - tell me what that means 10:00: Series A crunch - Sarah Lacy's great article (Jason calls it a random act of journalism). Seems to be real, right? 12:30: What exactly is happening? We're seeing acquihires. 13:30: Better to have a Series A crunch than drought of angel investors? If you had to pick one? 15:00: Because the standard has gone up, those who get an A round are going to be strong companies, right? 17:00: Y Combinator now pulling back on the number of companies - was it overwhelming as an angel to process? 18:30: How did you perceive the "free money" for YC startups when it was announced? 19:30: Did people know Sequoia backed YC? 21:30: Where are we today - everything being valued so low, seems like the angel bubble is over, the valuation bubble? 23:00: Jason: If a Mark Pincus or Ev Williams shows up, you're not going to care about the valuation 24:00: Did we ever see chickens come home to roost with convertible notes? 26:00: What do you think you do particularly well as an investor? 27:30: You invested in Mint before or after TechCrunch 40? 28:30: What was it about Aaron that made you want to invest? Was it your best or one of your best investments ever? 30:00: 17 or 18x return on Mint, Jeff confirms 30:15: Does a win like that make you want to invest in 10 more companies? 31:00: What are your expectations for investments, do you have a thesis about that? 32:00: SendGrid - the most successful of all TechStars startups, yes? 32:30: A company I invested in is not doing well and wants to be intro'd to an important contact. This must have happened to you, how do you handle it? [ Jeff: you say no ] 34:30: How much of your time is getting them to the next round? 35:30: You must have faced an acquihire where you get hosed but the founders did well -- how do you handle that? 37:30: Jeff on his fellow micro VCs: Even though we have our own funds, we don't compete 38:15: What are the worst traits of VCs you've seen that entrepreneurs should be wary of? 39:45: VCs behave better now because there's more transparency? 41:45: What do you think of Dave McClure? 42:20: Chris Sacca? 42:45: Naval? 43:10: Mike Arrington? or MG Siegler ============== Follow On Twitter Jason: @jason Jeff: @jeff New Relic: @newrelic Turnstone: @myturnstone Special thanks to the members of the TWiST Backchannel Program!

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